Mumbai: Singapore-based Jungle Ventures has announced a $600Mn close of their Fund IV with $450Mn in the main fund and $150Mn in additional managed commitments. This brings their total Assets Under Management (AUM) to over $1Bn, making Jungle the first independent, Singapore-headquartered VC firm that invests across Southeast Asia and India, to reach this milestone.
Starting with an ambitious target of $350Mn, the fund was hugely over-subscribed. Over 50% of commitments are from existing investors including Temasek, IFC, FMO, DEG to name a few, joining a force of selective new global investors such as Mizuho Bank, Ltd. and StepStone Group.
Jungle Ventures continues to scale with best-in-class talent and has recently promoted Yash Sankrityayan, Sandeep Uberoi, and Manpreet Ratia as Managing Partners of the firm to join the firm’s leadership team of David Gowdey, and the Founding Partners, Amit Anand and Anurag Srivastava.